My bias is long on usoil. The 4H chart shows my idea on getting into the trade. My view on the trend is bullish based on the daily and weekly charts. Other important infos that I looked on are the 2 hammers with long tails indicating buying pressure laying on the previous resistance level way back in 2015. My opinion is that the resistance level has been broken...
In daily Candle USOIL LOOK Like going to downside
but in 4 hour it create continue pattern ( triangle )
if break this triangle this going to up ,,
stop loss below 51.60 buy at traingle breakout and tp is 54
Trade with care and happy trading
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As seen on Latest Trend of Bearish on USOIL, it show a Bearish continuation pattern, but in my opinion, this trend will sure hit the bottom deck of it. soon...
In my "Prediction" the price action will push to resistance point on 47.00 , if break is seen here, it show the possibility of bullish, on 45.75-46.00 if its break below, then the bullish is false. but if...
Libya's Port is Shut and Force Majeure is Declared by Government.
Libyan port shut is expected to reduce 250,000 per day of Crude Oil.
Oil jumps to 48.70 on this
Technically, Oil is having good recovery, but in order to confirm it and start Bullish Reversal, closing has to be above 49.60
In this chart I feel oil is bearish until 37.95, we have here on the daily what seems to be an inverse Head and Shoulders Pattern. if prices do reach 37.95 and stay above 37.95, we can see a rally towards 50-51$ and possibly even beyond that.
thus possibly breaking past the downward channel.
keep your eyes peeled for this one.
This does not represent a trade...
From a technical perspective, the oil price has turned quite interesting since the start of a new trading month. The chart below shows the monthly rolling oil contract chart where June’s price action closed in a doji. It gains significance following three straight months of gains. The monthly Stochastics also shows the hidden bearish divergence currently playing...
The Crude oil market had a fairly negative day on Monday, as market continue to worry about all things European Union and United Kingdom related. The primary trend of Crude oil is bearish on charts. On its 4 hourly chart, market is trading below 100 days moving average. It is having important resistance at the level of $48.12 and support level at the...
We expect CRUDE to rise.
STOCH RSI is rising.
RSI is rising.
CCI is rising.
We expect crude to stay long above: 34.77 SL: 34.48 TGT 01: 35.59 TGT 02: 35.91 TGT 03:36.91
Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.